My Swing Trading Approach
I’m not opposed to adding more long exposure, but may wait for some consolidation in price or a light volume pullback first.
Indicators
- VIX – Breaking down hard and fast. Down six days in a row. Lowest close since late January, and a sign that volatility is trending lower.
- T2108 (% of stocks trading below their 40-day moving average): Key test for T2108 coming up today. Has an opportunity for the indicator to break through some major resistance.
- Moving averages (SPX): SPX trading above all major moving averages, including the 100-day as well.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Yesterday saw utilities lead the market higher, with Technology just behind. Discretionary was a drag on the market, as was Staples which is by far the most hated sector at the moment. Healthcare may finally be changing its tune, with a strong day yesterday and a break of downward resistance from the January highs. The same downwtrend has broken in Financials too. 
My Market Sentiment
Downtrend finally broken that started with the original sell-off back in January. That is a big development as is the higher-high that has been put in by breaking the April highs.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 6 Long Positions
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
How should one go from their regular 9-5 job into full-time trading? As a swing trader, we don't have to necessarily be full-time, and instead we can combine our trading into a lifestyle that allows us to maximize our time and earning ability.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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